There are constant new highs! Discover the counterattack legends
Jul 29, 2025 pm 03:54 PMSome altcoins in cryptocurrencies have indeed achieved amazing counterattacks, but there are also huge risks behind them. 1. Many altcoins started with a few cents, and achieved a 100 or even a thousand times increase in the short term through social media hype, big V recommendations and FOMO sentiment. For example, Dogecoin and Shiba Inu have created wealth myths; 2. The surge in this type of currency often follows similar paths: technology vision packaging, decentralized exchanges online, community viral spread, and price surges vertically; 3. However, more than 90% of altcoins eventually returned to zero, lacking practical applications and technical support, and some projects even became Ponzi schemes. The Terra Luna collapse caused a loss of US$40 billion is a painful lesson; 4. This phenomenon is essentially a manifestation of human greed, just like the tulip fanaticism in history, which is covered with blockchain cloak. Investors should remain rational, beware of risks in market fanaticism, and exit in time to avoid heavy losses.
In the world of cryptocurrencies, there are always some unknown altcoins that stage jaw-dropping stories of counterattacks. They may have been born in a garage, or they may have originated from a sudden whim of late night, but they can complete a gorgeous turn from a few cents to dozens of dollars in just a few months, creating one wealth myth after another.
The counterattack path of these altcoins often follows a similar trajectory. First, a tech geek published a white paper on Reddit or Telegram, proposing a grand vision of "subverting Ethereum" or "reconstructing the DeFi ecosystem". Then it was quietly launched on decentralized exchanges such as Uniswap, with prices hovering in the range of a few cents. Then suddenly one day, the tweet of a crypto-big V became the fuse, and the community began to spread the news that "the next hundred times coin" was "the next hundred times coin". The price curve began to rise at a nearly vertical angle, exchanges rushed to go online, and FOMO sentiment completely ignited the market.
Dogecoin's legend is the most enjoyable. In 2013, two software engineers jokingly created the coin with the popular Shiba Inu emoticon package, which was worth less than $0.001 at the time. Who would have thought that eight years later, in 2021, driven by Musk and retail investors, its market value once exceeded US$90 billion, becoming a phenomenon-level event in the history of cryptocurrencies. What is even more amazing is Shiba Inu, altcoin, which calls itself the "Dogecoin killer", soared by 1,000% in a single month in October 2021, allowing early investors to make a fortune.
However, behind these legends is another cruel side. According to statistics, more than 90% of altcoins will return to zero after the craze fades. Many projects do not have substantial technical support and rely solely on marketing hype. The collapse of Terra Luna in 2022 cost investors more than $40 billion, becoming one of the most painful lessons in crypto history.
These stories of surges and plummets are just like the tulip craze in the Netherlands in the 17th century, but they are covered with the technology cloak of blockchain. They not only show the infinite possibilities of decentralized finance, but also expose the eternal greed and fear in human nature. Perhaps as one veteran investor said: "In the world of cryptocurrency, the most important thing is not which coin will rise, but remember to find a chair before the music stops."
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